Milling machine Market to Reach USD 16.01 Billion in 2026; Rising Need to Cut Off Production Cost Will Favor Growth

The global milling machine market is set to gain traction from the rising demand for minimizing wastage and lowering the cost from various industries. These machines require very less production time and deliver superior quality products. This information is provided by Fortune Business Insights™ in a recently published report, titled, “Milling machine Market Size, Share & Industry Analysis, By Type (Vertical Mills, Horizontal Mills & Others), By Application (Automotive, General Machinery, Precision Engineering, Transport Machinery & Others) and Regional Forecasts, 2019-2026.” The report further mentions that the milling machine market size stood at USD 13.22 billion in 2018 and is anticipated to be at USD 16.01 billion in 2026, thereby exhibiting a CARG of 2.4% during the forecast period.

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Fortune Business Insights™ provides a list of companies operating in the milling machine market. They are as follows:

·         Okuma Corporation (Aichi, Japan)

·         Haas Automation, Inc. (Oxnard, California)

·         EMCO group (Hallein, Austria)

·         DATRON Dynamics, Inc. (Milford, New Hampshire)

·         Hurco Companies, Inc. (Indianapolis, Indiana)

·         FANUC CORPORATION (Yamanashi, Japan)

·         KNUTH Werkzeugmaschinen GmbH (Wasbek, Germany)


·         ANDERSON EUROPE GMBH (Detmold, Germany)

·         Amera-Seiki (Houston, Texas)

·         Other key market players

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What are the Questions That This Report Answers?

·         How many companies are set to remain on top based on competition?

·         Which region would be in the leading position in the coming years?

·         What are the milling machines market trends?

·         How many opportunities and challenges would the market come across?

·         Which segment would dominate during the forecast period?

·         What are the current, future, and historical sizes of the market?

Competitive Landscape-

Key Players Focus on Mergers & Acquisitions to Provide Better Service to their Consumers

The market is highly competitive. It consists of numerous enterprises that are presently focusing on the strategy of mergers and acquisitions to serve their existing consumer bases better and broaden their geographic presence. At the same, they would be able to gain more market share. Below are two of the vital industry developments:

·         May 2017: Baker Industries, a manufacturing partner for custom molds, fixtures, and tooling based in Michigan, announced the acquisition of a novel horizontal universal milling machines from Emco Mecof, a manufacturer of machine-tools headquartered in Italy. The machine is called EcoMill 5-axis. This new acquisition would help Baker to improve its levels of consumer services while meeting the ever-increasing demand.

·         July 2015: Hurco Companies, Inc., an industrial technology company headquartered in Indiana, successfully completed the acquisition of Milltronics Manufacturing Company, Inc., a manufacturer and supplier of computer numerical control (CNC) machines, based in Minnesota.

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Name: Ashwin Arora
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